BNPL Deals Since Jan. 2021
Over the past 15 months, there have been 67 deals involving companies offering buy now, pay later services. Of those transactions, 14 were either mergers or acquisitions.
Region: Europe
Worldpay, Circle are Partners
Circle Internet Financial, the exclusive issuer of USD Coin (USDC), a stablecoin cryptocurrency fully pegged to the U.S. dollar, has formed a partnership with Worldpay from FIS, the second largest merchant acquirer in the U.S.
Supply Problems Continue for Chip Payment Cards
Since the first quarter of 2020, multiple factors have contributed to shortages in the availability of EMV-compliant microprocessor chips and a concurrent increase in prices for finished credit, debit and prepaid cards delivered to issuers worldwide.
Digital Currency Update
Bolt, a payment service provider, will acquire Wyre, a cryptocurrency infrastructure provider. Bolt will add Wyre’s capabilities to its APIs, allowing merchants to offer services like one-click checkout with cryptocurrencies.
Advent Invests in Planet
One of the most successful private equity firms in the payment and fintech industries over the last 14 years has been Advent International. Since 2008, Advent has invested $6.50 billion in 17 companies including Vantiv, Worldpay, Nets and Nexi.
Microsoft Partners with Chargebacks911
Microsoft, like other major online retailers, has been a target for criminals’ intent on committing fraud since the beginning of ecommerce. About 10 years ago, when criminals started to deploy more sophisticated tactics, Microsoft began developing technology in-house to fight losses it incurred when selling digital and physical products. Two years ago, Microsoft decided to […]
Digital Currency Update
Blockchain.com, a crypto wallet and financial services company, will partner with Stripe to facilitate payments, fight fraud and improve revenue management. Blockchain.com has already used Stripe to facilitate crypto purchases using card payments, and the company expects to add the ability to make crypto purchases using Apple Pay and Google Pay. The company also announced […]
Microsoft Partners with Chargebacks911
Microsoft, like other major online retailers, has been a target for criminals’ intent on committing fraud since the beginning of ecommerce. About 10 years ago, when criminals started to deploy more sophisticated tactics, Microsoft began developing technology in-house to fight losses it incurred when selling digital and physical products.
Two years ago, Microsoft decided to market its fraud-fighting technology to financial institutions and merchant acquirers under the name Dynamics 365 Fraud Protection Solution.
EPI Drops Card Plans
A consortium of banks and payment processors raised $36.5 million in seed money a year ago to explore creation of a card network competitor to Visa and Mastercard in the European Union. The effort had the backing of the European Central Bank. However, the European Payments Initiative, which has yet to achieve operating company status, […]
Zeta and Mastercard are Card-Issuing Partners
Mastercard has announced a five-year global sales and marketing partnership with cloud-native software provider Zeta to promote that company’s API-based card account management platform. Zeta built its technology from scratch. Mastercard says the robustness and sophistication is unrivalled. Sodexo, which provides prepaid products worldwide, uses Zeta’s card-management system in Latin America, Southeast Asia, Spain and […]
